On January 6, 2022, China National Petroleum Corporation (CNPC) announced the bidding result for its first-class external law firms(2022-2024). DeHeng won the bid for the comprehensive service package in Beijing, and specialist service package in the areas of labor law, resources and environment, competition law and anti-monopoly law.

DeHeng is glad to announce that we are once again successfully selected into the law firm database of the Ministry of Commerce of China (MOFCOM) as outside lawyer according to the list of bid winners released by MOFCOM on November 11, 2021. DeHeng won for the third time the bid for "The International Trade and Investment Disputes Category – Legal Affairs regarding International Investment (Domestic)" and for the fourth time "The Trade Remedy and Trade Barrier Response Category – Trade Barrier and Response to Section 337 Actions."

On May 21, 2021, in the first pre-reorganization case of the Fuzhou Intermediate People's Court, the reorganization plan of Fujian Shidai Hua'ao Construction and Development Co., Ltd. and Fujian Shenghua Real Estate Development Co., Ltd. was approved by the creditor groups with a majority of votes. Except that employees and tax creditors whose claims were repaid in full did not vote and the home buyers already voted yes in an earlier vote, the creditors with property guarantee and the capital contributors all voted yes, and in the ordinary creditors' rights group, more than 90% of the votes by the number of persons and the share of the creditor's rights they represented were affirmative. On June 25, Fuzhou Intermediate People's Court ruled to approve the reorganization plan and terminate the reorganization procedure, marking the successful reorganization of the Guigu property project that covers more than a thousand mu of land and owes more than RMB 5 billion in nearly 1,400 debts.

In January 2021, DeHeng's Fuzhou Office, mandated by Zhangzhou City Investment Group, set up a team led by lawyers Lin Bin, Li Wenying and Lin Zineng, with primary support from lawyers Zhang Ruxuan, Yao Han, Zeng Mingyue, Chen Andi and trainee lawyer Zheng Ling, to provide legal services for the Company in building the corporate compliance management system. With the client's strong support and cooperation and the team's hard work for several months, the first phase of the project was completed.

Recently, Bank of Quanzhou Co., Ltd. issued the first tranche of capital bonds with no fixed maturity in 2020, worth RMB 1.5 billion, with a maturity of 5 years and a coupon rate of 4.80% at the time of issuance. DeHeng acted as the special legal counsel for this issuance.

Recently, Ningde City Communications Investment Group Co., Ltd. (hereinafter referred to as "the Group") held a bondholders' meeting on asset restructuring. Entrusted by the Group, DeHeng's Fuzhou Office assigned a team led by partner Liu Chao to fully participate in the design of the debt disposal plan and the credit enhancement plan related to corporate asset restructuring and the communication with investors. The Group’s asset restructuring plan has won support from the majority of bondholders.